Homework Answers
| a. | Application base | Manufacturing Overhead rate |
| Direct labor hours | $6.00 | |
| ($60,000/10,000) | ||
| Direct labor costs | 50.00% | |
| ($60,000/$120,000) | ||
| Machine hours | $2.00 | |
| ($60,000/30,000) | ||
| b. | Application base | Manufacturing Overhead rate |
| Direct labor hours | $54 | |
| Direct labor costs | $50 | |
| Machine hours | $64 | |
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Support Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester...
homework help i need to learn this for my exam Calculate and Use Manufacturing Overhead Rate...
homework help i need to learn this for my exam
Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating data: Direct material (15,000 lb.) $45.000 Direct labor(512/hr.) 96,000 Indirect material 7,000 Indirect labor 12.000 Sales commissions 18.000 Factory administration 13.000 Non factory administrative expenses 14,000 Other manufacturing overhead 28.000 "Machine hours are 30,000 hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating date related to Job 128: Direct material (15,000 lb.) Direct labor (@ $12 per hour) $45,000 $96,000 Indirect material $7,000 Indirect labor $12,000 Sales commissions $18,000 Factory administration $13,000 Non-factory administration expenses $14,000 Other manufacturing overhead * $28,000 *Machine hours are 30,000. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application...
Determine and Use Overhead Rate Oxford Consulting, Inc., expects the following costs and expenses during the...
Determine and Use Overhead Rate Oxford Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor( $20hr 1,344,000 Sales commissions Overhead 288,000 1,512,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places if applicable b. Prepare a generaljpournal entry to apply overmead during an interim period when 14,000 firect abor hours were worked. General Journal Description kzli Credit c. What amount of overhead would be assigned...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to
use to assign manufacturing overhead to jobs. The company has
always used direct labor hours to assign manufacturing overhead to
products, but it is trying to decide whether it should use a
different allocation base such as direct labor dollars or machine
hours.
Actual and estimated data for manufacturing overhead, direct
labor cost, direct labor hours, and machine hours for the most
recent fiscal year are summarized here:
Estimated...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ per direct labor Save for Later Attempts: 0 of 1...
Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@$41/hr.)...
Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@$41/hr.) $486,000 Sales commissions 111,000 Overhead 432,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places, if applicable. $ b. Prepare a general journal entry to apply overhead during an interim period when 4,500 direct labor hours were worked. General Journal Description Debit Credit c. What amount of overhead would be assigned to Job 466,...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
Determine and Use Overhead Rate Cortez Consulting, Inc., expects the following costs and expenses during the...
Determine and Use Overhead Rate Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@ $22.50/hr.) $81,000 Sales commissions 18,500 Overhead 72,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places, if applicable. $Answer: b. Prepare a general journal entry to apply overhead during an interim period when 750 direct labor hours were worked. General Journal Description Debit Credit Answer Choices:Consulting overhead/Cost of goods...
Che Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead...
Che Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year-Job Bravo. points $ Estimated Data Manufacturing overhead costs Direct labor-hours Machine-hours Assembly $ 1,920, eee se, eee 32, eee Fabrication $2,240,000 48,888 160, eee Total 4,160,...
If you could please explain how you get the answers it would really help me ES...
If you could please explain how you get the
answers it would really help me
ES LO2 E3-3A. Calculate and Use Overhead Rate During the coming accounting year, Baker Manufacturing anticipates the following costs, expenses, and operating data: OWO ome MBC Direct material (16,000 lb.). ..... Direct labor (@ $10/hr.) ...... Indirect materials . . . . . . . . . . . Indirect labor. ........... Sales commissions............ Factory administration ..... Nonfactory administrative expenses. ... Other manufacturing overhead* ...........
homework help i need to learn this for my exam
Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating data: Direct material (15,000 lb.) $45.000 Direct labor(512/hr.) 96,000 Indirect material 7,000 Indirect labor 12.000 Sales commissions 18.000 Factory administration 13.000 Non factory administrative expenses 14,000 Other manufacturing overhead 28.000 "Machine hours are 30,000 hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating date related to Job 128: Direct material (15,000 lb.) Direct labor (@ $12 per hour) $45,000 $96,000 Indirect material $7,000 Indirect labor $12,000 Sales commissions $18,000 Factory administration $13,000 Non-factory administration expenses $14,000 Other manufacturing overhead * $28,000 *Machine hours are 30,000. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application...
Determine and Use Overhead Rate Oxford Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor( $20hr 1,344,000 Sales commissions Overhead 288,000 1,512,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places if applicable b. Prepare a generaljpournal entry to apply overmead during an interim period when 14,000 firect abor hours were worked. General Journal Description kzli Credit c. What amount of overhead would be assigned...
Amberjack Company is trying to decide on an allocation base to
use to assign manufacturing overhead to jobs. The company has
always used direct labor hours to assign manufacturing overhead to
products, but it is trying to decide whether it should use a
different allocation base such as direct labor dollars or machine
hours.
Actual and estimated data for manufacturing overhead, direct
labor cost, direct labor hours, and machine hours for the most
recent fiscal year are summarized here:
Estimated...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ per direct labor Save for Later Attempts: 0 of 1...
Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@$41/hr.) $486,000 Sales commissions 111,000 Overhead 432,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places, if applicable. $ b. Prepare a general journal entry to apply overhead during an interim period when 4,500 direct labor hours were worked. General Journal Description Debit Credit c. What amount of overhead would be assigned to Job 466,...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
Che Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year-Job Bravo. points $ Estimated Data Manufacturing overhead costs Direct labor-hours Machine-hours Assembly $ 1,920, eee se, eee 32, eee Fabrication $2,240,000 48,888 160, eee Total 4,160,...
If you could please explain how you get the
answers it would really help me
ES LO2 E3-3A. Calculate and Use Overhead Rate During the coming accounting year, Baker Manufacturing anticipates the following costs, expenses, and operating data: OWO ome MBC Direct material (16,000 lb.). ..... Direct labor (@ $10/hr.) ...... Indirect materials . . . . . . . . . . . Indirect labor. ........... Sales commissions............ Factory administration ..... Nonfactory administrative expenses. ... Other manufacturing overhead* ...........
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